Korea Investment CORP Buys 120,008 Shares of Snowflake Inc. $SNOW

Korea Investment CORP grew its position in shares of Snowflake Inc. (NYSE:SNOW) by 34.8% during the third quarter, according to its most recent filing with the SEC. The firm owned 464,366 shares of the company’s stock after acquiring an additional 120,008 shares during the period. Korea Investment CORP’s holdings in Snowflake were worth $104,738,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in SNOW. Vanguard Group Inc. boosted its position in shares of Snowflake by 3.1% during the third quarter. Vanguard Group Inc. now owns 28,647,593 shares of the company’s stock valued at $6,461,465,000 after purchasing an additional 857,832 shares in the last quarter. Jennison Associates LLC raised its holdings in Snowflake by 13.5% in the third quarter. Jennison Associates LLC now owns 9,083,889 shares of the company’s stock worth $2,048,871,000 after purchasing an additional 1,083,222 shares in the last quarter. State Street Corp raised its holdings in Snowflake by 1.4% in the second quarter. State Street Corp now owns 6,887,073 shares of the company’s stock worth $1,541,120,000 after purchasing an additional 94,293 shares in the last quarter. Artisan Partners Limited Partnership lifted its position in Snowflake by 15.2% during the second quarter. Artisan Partners Limited Partnership now owns 4,951,715 shares of the company’s stock valued at $1,108,045,000 after buying an additional 652,485 shares during the period. Finally, Geode Capital Management LLC boosted its holdings in shares of Snowflake by 3.1% during the 2nd quarter. Geode Capital Management LLC now owns 4,424,120 shares of the company’s stock valued at $986,057,000 after buying an additional 133,059 shares in the last quarter. Institutional investors own 65.10% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on SNOW shares. Mizuho dropped their price target on Snowflake from $285.00 to $220.00 and set an “outperform” rating on the stock in a research report on Tuesday, February 17th. Barclays reduced their price objective on Snowflake from $204.00 to $192.00 and set an “equal weight” rating for the company in a research report on Thursday, February 26th. Guggenheim reissued a “neutral” rating on shares of Snowflake in a report on Wednesday, February 18th. Sanford C. Bernstein cut their target price on Snowflake from $237.00 to $195.00 and set a “market perform” rating on the stock in a research note on Thursday, February 26th. Finally, Scotiabank reduced their price target on Snowflake from $290.00 to $205.00 and set a “sector outperform” rating for the company in a report on Thursday, February 26th. Two research analysts have rated the stock with a Strong Buy rating, thirty-three have given a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $248.58.

Trending Headlines about Snowflake

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Strong post‑earnings / AI momentum: Market commentary points to follow‑through from Snowflake’s upbeat FY2026 results, double‑digit product revenue growth and expanding AI positioning (OpenAI/Anthropic partnerships, Cortex Code, Observe acquisition) as primary drivers of buying interest. QuiverQuant analysis
• Positive Sentiment: Anthropic marketplace mention: Anthropic’s new marketplace will surface third‑party tools that include Snowflake integrations — a distribution channel that could increase enterprise consumption of Snowflake services. Yahoo / Anthropic
• Neutral Sentiment: Analyst landscape and technicals: Recent analyst coverage remains largely constructive (multiple buy/overweight ratings and mid‑$200 median price target) which supports longer‑term conviction, while technical factors and short‑covering may amplify moves. QuiverQuant (ratings & targets)
• Neutral Sentiment: Minor analyst upgrade: Zacks moved SNOW from “strong sell” to “hold” — a modest sentiment improvement but not a full analyst endorsement. Zacks upgrade
• Negative Sentiment: Multiple securities class‑action notices filed/announced: Several plaintiff firms (Gross, Schall, Rosen, Pomerantz, Faruqi, Portnoy, Bernstein Liebhard, DJS and others) have issued investor alerts and filed complaints alleging disclosures relating to product efficiency/pricing and revenue — lead plaintiff deadlines around April 27, 2026. This legal cloud increases short‑term uncertainty and headline risk. Gross Law Firm
• Negative Sentiment: Broader wave of plaintiff outreach: Multiple other firms (Schall, Rosen, Pomerantz, Faruqi, Portnoy, Bernstein Liebhard, etc.) posted similar notices the same week, magnifying reputational/legal risk and potential future settlement/defense costs. Schall Law Firm

Insiders Place Their Bets

In other Snowflake news, SVP Vivek Raghunathan sold 11,801 shares of the business’s stock in a transaction dated Wednesday, December 31st. The stock was sold at an average price of $220.44, for a total value of $2,601,412.44. Following the completion of the transaction, the senior vice president owned 218,020 shares of the company’s stock, valued at approximately $48,060,328.80. The trade was a 5.13% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Frank Slootman sold 100,000 shares of the company’s stock in a transaction dated Wednesday, February 18th. The shares were sold at an average price of $176.91, for a total transaction of $17,691,000.00. Following the transaction, the director owned 50,329 shares in the company, valued at $8,903,703.39. This represents a 66.52% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 662,940 shares of company stock valued at $135,715,906. 6.80% of the stock is currently owned by corporate insiders.

Snowflake Price Performance

Shares of NYSE SNOW opened at $180.33 on Friday. The firm has a market cap of $61.71 billion, a P/E ratio of -45.65 and a beta of 1.16. Snowflake Inc. has a twelve month low of $120.10 and a twelve month high of $280.67. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 1.07. The company has a 50 day moving average of $193.81 and a 200 day moving average of $221.95.

Snowflake (NYSE:SNOW) last issued its earnings results on Wednesday, February 25th. The company reported $0.32 EPS for the quarter, beating the consensus estimate of $0.27 by $0.05. The business had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.25 billion. Snowflake had a negative return on equity of 48.50% and a negative net margin of 28.43%.The company’s revenue was up 30.1% compared to the same quarter last year. During the same period last year, the business posted $0.30 EPS. As a group, research analysts expect that Snowflake Inc. will post -2.36 EPS for the current fiscal year.

Snowflake Company Profile

Snowflake Inc is a cloud-native data platform company that provides a suite of services for storing, processing and analyzing large volumes of data. Its core offering, often described as the Snowflake Data Cloud, combines data warehousing, data lake and data sharing capabilities in a single managed service delivered across major public cloud providers. The platform is designed to support analytics, data engineering, data science and application workloads with a focus on scalability, concurrency and simplified administration.

Key products and capabilities include a multi-cluster, shared-data architecture that separates compute from storage; continuous data ingestion and streaming; support for structured and semi-structured data formats; tools for data governance, security and compliance; and developer frameworks for building data applications.